Today In DeFi - SMG Halts Ethereum (for 12s), Polygon 2.0 Architecture, Stable farms and more

SMG Halts Ethereum

Special Mechanism Group "halted ethereum transactions” for 12 seconds, by exploiting PBS (proposer builder separation). SMG achieved this by proposing an empty block and outbidding others for block inclusion. In their thread, SMG argues for a more censorship resistant approach.

Polygon Restaking and Bridge

Polygon Labs has announced Polygon 2.0 architecute, including an interoperability layer, and Staking Layer which will use Polygon’s token via restaking.

Lido Treasury Staking

Blockworks reports Lido may be staking its treasury ETH. The vote is live and will end soon with current votes leaning to “Yes”.

Cosmos and Polkadot Bridge

Centauri Bridge launched, connecting Polkadot and Cosmos ecosystems.

Reserve Gets License

Reserve Protocol got a license from OFAC to operate in Venezuela through its Rpay stablecoin wallet.

DeBridge on Solana

deBridge is now live on solana, allowing for transfers between EVM and Solana blockchains.

High APR Stable Farming